Abbreviated Company Accounts - CORNELIUS SCOTLAND LIMITED

CORNELIUS SCOTLAND LIMITED - Company Information

SC316754 CORNELIUS SCOTLAND LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true SC316754 2015-07-01 2016-06-30 SC316754 2016-06-30 SC316754 2015-06-30 SC316754 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 SC316754 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number SC316754

CORNELIUS SCOTLAND LIMITED

Abbreviated Accounts

30 June 2016

CORNELIUS SCOTLAND LIMITED Registered Number SC316754

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	1,519	1,204
		1,519	1,204
Current assets
Stocks		40,050	60,076
Debtors		6,056	-
Cash at bank and in hand		40,166	18,431
		86,272	78,507
Creditors: amounts falling due within one year		(16,916)	(46,942)
Net current assets (liabilities)		69,356	31,565
Total assets less current liabilities		70,875	32,769
Provisions for liabilities		(3,716)	(1,271)
Total net assets (liabilities)		67,159	31,498
Capital and reserves
Called up share capital	3	1,000	1,000
Other reserves		47,575	25,414
Profit and loss account		18,584	5,084
Shareholders' funds		67,159	31,498

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 March 2017

And signed on their behalf by:
James Wrobel, Director

CORNELIUS SCOTLAND LIMITED Registered Number SC316754

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2015	1,204
Additions	315
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	1,519
Depreciation
At 1 July 2015	-
Charge for the year	-
On disposals	-
At 30 June 2016	-
Net book values
At 30 June 2016	1,519
At 30 June 2015	1,204

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000